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KUALA LUMPUR (Aug 14): Bank Negara Malaysia (BNM) has cautioned that major structural changes are reshaping the global monetary and financial system, urging the need for quick adaptation to avoid being exposed to new and emerging risks.

BNM governor Datuk Seri Abdul Rasheed Ghaffour said traditional roles of central banks are under growing pressure from challenges such as global economic fragmentation, climate change, and the rapid digitalisation of finance.

“We gather at a time of great transformation in the global monetary and financial system, where long-standing boundaries of central bank mandates are being tested by unprecedented structural shifts,” Abdul Rasheed said during the launch of the Tun Ismail Ali Centre of Excellence (TIACOE) at the Asia School of Business (ASB) here on Thursday.

He warned that if BNM is not prepared, it could be “caught off guard” by new threats that may disrupt current systems and policies.

Former BNM governor Tan Sri Dr Zeti Akhtar Aziz said this era is marked by disruptive forces all with deep economic effects and it has therefore become more important than ever for us to build our resilience and maintain our monetary and financial stability if we are to achieve shared prosperity. (Photo by Shahrill Basri/The Edge)

Quoting Malaysia’s first central bank governor, the late Tun Ismail Mohamed Ali, he said central banks operate “in an imperfect world” using tools whose outcomes are not fully understood, and where decisions often have to be made amid uncertainty.

“This quote remains deeply relevant today, where navigating the new economic landscape demands central bankers to display good judgment, resilience and above all, adaptability,” he said.

Former BNM governor Tan Sri Dr Zeti Akhtar Aziz also spoke at the event, noting that this era is marked by disruptive forces — including climate change, geopolitical tensions, and rapid technological advancement — all with deep economic effects.

“It has therefore become more important than ever for us to build our resilience and maintain our monetary and financial stability if we are to achieve shared prosperity,” Zeti said.

Abdul Rasheed reaffirmed BNM’s commitment to evidence-based policymaking and its role in global policy discussions on critical issues such as climate change, artificial intelligence (AI), Islamic finance, and changes in the international monetary system.

Originally published by The Edge and KLSE Screener.

“From a city in Indonesia to the world—bridging cultures, embracing challenges, and finding joy along the way.”

Hometown:
Kuala Lumpur, Malaysia

Fun fact about yourself:
I got my MBA scholarship through a story of redemption—and a gado-gado (Indonesian salad) analogy to describe my journey. I love tackling challenges with fresh perspectives and finding creative solutions. People often approach me for tricky, unexpected problems, and I enjoy making sense of the chaos. Behind my smile is perseverance, discipline, grit, and sharp analytical thinking that keeps me pushing forward.

Undergraduate School and Degree:
Taylor’s University, Bachelor of International Hospitality Management

Where was the last place you worked before enrolling in business school?
Teleport AirAsia, Head of Commercial

Where will you be working after graduation?
I hope to keep solving complex challenges in unique ways. Ideally, I’d stay in logistics, supply chain, or FMCG because I love seeing how the world moves and how it impacts people’s lives every day. I thrive in roles that are both strategic and action-packed, and I hope to continue being in the heart of the action—where decisions shape real-world outcomes.

Community Work and Leadership Roles in Business School:
I earned an MBA scholarship and currently serve as the President of the Women’s Club. In the past, I was the Multiple Dean’s List Recipient, President of the Indonesian Student Society and the Executive Director of the International Student Council. Leadership has always been a big part of my journey, and I thrive in bringing people together, driving meaningful initiatives, and creating spaces for diverse voices to be heard.

Which academic or extracurricular achievement are you most proud of during business school?
L’evive Labs – Head of Operations & Founding Team Member (Longevity Startup), Kuala Lumpur

Growing up in a family with a history of diabetes and heart disease, health and wellness have always been personal to me. I’ve seen firsthand how lifestyle and preventive care can change lives, and I want to be part of that generational shift. That’s why building L’evive Labs, Southeast Asia first online longevity clinic— blending health, innovation and technology— while pursuing my MBA has been so meaningful. Working closely with the founder, we bootstrapped our way to $10K in revenue without any marketing—just a belief in what we were building and the drive to make it work. My knowledge of the region and trade regulations in Southeast Asia helped lay the foundation for the company’s future. Being named a finalist at the INNOCOS Wellness & Longevity Awards was a proud moment, not just as validation of our work, but as a step toward making proactive health accessible to more people.

What achievement are you most proud of in your professional career?
One of the moments I’m most proud of is turning around Pandago at Foodpanda, taking it from a struggling product to the top performer in APAC. It wasn’t an easy ride—there was a lot of resistance, and not everyone believed in it. But I focused on the execution, got the right people on board, and proved that with the right approach, something seen as a failure could actually thrive.

Another defining experience was at Teleport AirAsia, where I had to make the tough call to recommend shutting down an unviable product. It wasn’t a decision people wanted to hear, but it was the right one for the business. That experience taught me that leadership isn’t just about building things—it’s also about knowing when to step back and make the hard choices.

But beyond these achievements, what I’m really proud of is how far I’ve come—starting from a completely different background and finding my way through industries I never imagined myself in. I’ve had to learn, adapt, and prove myself over and over again. Through all of it, I’ve realized that what truly drives me isn’t just solving problems but finding new perspectives and challenging what’s possible.

Why did you choose this business school?
In my search for the best business school in Southeast Asia, Asia School of Business stood out with its action-centric approach—something that sets it apart from the rest. While many schools focus on case studies, ASB pushes you to learn by doing, which resonates deeply with how I approach challenges.

Its close connection to MIT Sloan brings the same mens et manus (mind and hand) philosophy to this region, bridging world-class academic rigor with real-world application. More importantly, ASB values diversity—not just in background but in perspective. As someone with an unconventional career path, I felt seen, appreciated, and challenged in all the right ways. From the start, it felt like the right synergy, and it continues to be a place where I grow, push boundaries, and redefine what’s possible.

Who was your favorite MBA professor?
Learning from Professor Michael Frese has been one of the most eye-opening experiences at ASB. His approach to leadership and organizations—rooted in behavioral science—has made me rethink how businesses actually work. I’ve always been fascinated by how people shape organizations, and his insights reinforce the idea that a company’s strength comes from the minds of its people, not just its strategies.

Beyond the engaging classes and exercises, he’s someone I genuinely respect and look up to. He brings deep industry experience but also a down-to-earth way of teaching that makes complex ideas feel practical and real. His lessons have challenged me to not just think about execution, but to understand what truly drives people, teams, and long-term impact.

What was your favorite course as an MBA?
Beyond Organizational Behavior with Prof. Michael Frese, I found myself really drawn to Marketing Management with Prof. Juanjuan Zhang, a visiting professor from MIT. Her course combined marketing analytics with human psychology in a way that just made sense—it felt less like theory and more like understanding how people actually think and make decisions.

One of the things that stuck with me was how consumer behavior is shaped by social influence and observational learning—how we subconsciously take cues from others when making choices. It made me look at everyday decisions differently, from the way products go viral to why certain brands build such loyal followings.

What I loved most was that it wasn’t just theory; it was hands-on and discussion-driven, with immediate real-world applications. We didn’t just talk about market segmentation and targeting; we worked through challenges that made us think critically about how businesses actually apply these concepts.

Prof. Zhang’s teaching style was both engaging and thought-provoking—she made complex ideas feel intuitive. More than anything, her class deepened my curiosity about how marketing, data, and psychology all intersect, and it’s something I know I’ll keep exploring long after my MBA.

What was your favorite MBA event or tradition at your business school?
I’ve really enjoyed the weekly Career Development Office (CDO) core sessions every Friday. They’re not just about career advice—they’ve been a space to explore personal growth, career challenges, and the kind of real-world lessons that we don’t always get in formal education.

What makes them stand out is how interactive and honest they are. We don’t just sit through lectures; we role-play real situations, have open discussions, and challenge how we think about our careers. There’s a mix of curiosity and vulnerability in the room that makes it feel real—like we’re figuring things out together rather than just following a playbook.

I also didn’t expect to appreciate the career coaching support as much as I do. Having that space to talk things through, reflect, and get guidance has been incredibly helpful. It’s been one of those small but meaningful parts of my MBA experience that I know will stick with me long after I graduate.

Looking back over your MBA experience, what is the one thing you’d do differently and why?
Honestly, I wouldn’t change a thing. I believe that everything happens at the right place and the right time. The challenges, the unexpected turns, and even the moments of doubt have all been part of the learning process. If anything, this journey has taught me to trust the process, embrace uncertainty, and make the most of every opportunity as it comes.

What is the biggest myth about your school?
A lot of people think ASB is too expensive and not much different from other local MBAs—but that’s far from the truth.

What makes ASB stand out isn’t just the academics, but how much learning happens through action. The projects, industry exposure, and hands-on challenges push us to apply what we learn in ways I didn’t expect. It’s not just theory—it’s figuring things out in real-world settings, which has been the most valuable part of the experience.

What also surprised me was how personalized the support is. The faculty and staff are incredibly attentive, genuinely invested in our growth, and always willing to help. I never expected that level of care from a business school, but it’s made a huge difference in my journey here.

What did you love most about your business school’s town?
I’ve lived in Kuala Lumpur for the past 10 years. In that time, I’ve experienced the vibrancy of this emerging nation firsthand. It’s a city that blends cultures, industries, and opportunities in a way that’s hard to find elsewhere.

What makes KL special is that it’s not just a hub for Malaysia—it’s a gateway to the APAC region, offering access to diverse markets and people from all over the world. At the same time, the city isn’t overwhelmingly large, which makes professional networking feel more personal and engaging. It’s easy to connect with like-minded people, build meaningful relationships, and find opportunities to grow.

What is one way that your business school has integrated AI into your programming?
What insights did you gain from using AI? At ASB, AI isn’t something to be avoided—it’s something to be understood and challenged. Our Dean, Prof. Sanjay Sharma, is a big advocate for AI. Instead of banning its use in assignments, we’re encouraged to critique it, question its outputs, and think deeper about its role in decision-making. I appreciate this approach because, in reality, AI isn’t going anywhere—so learning how to use it wisely is more important than ignoring it.

The school has also introduced an AI for Business Leaders program, opening discussions beyond the classroom to corporate participants. And when we go to MIT for our global programs, nearly all of our coursework will focus on AI, which really shows how much the school believes in preparing us for what’s ahead.

For me, the biggest takeaway has been that AI doesn’t replace critical thinking—it forces us to think even more critically. Log OutIt’s easy to take AI’s answers at face value, but the real challenge is knowing when to trust it, when to question it, and how to use it to make better decisions.

Which MBA classmate do you most admire?
Parvinjeet Kaur—she’s a mom, a business owner, and one of the most genuine, down-to-earth people I’ve met. What I love about her is how passionate and real she is. When she speaks about something she cares about, you can feel it—it’s not just words, it’s who she is. She somehow juggles everything—family, business, and school—without ever losing her warmth. She’s proof that you can do it all in your own way, and I really look up to her, not just as a classmate, but as a person.

What are the top two items on your professional bucket list?
First, coming from a hospitality background first and foremost, I want to create a space where people can truly experience my culture—not in a flashy or commercial way, but through simple, everyday moments. I’ve always loved the kind of hospitality that makes people feel at home, where good food and nature bring people together. I dream of building a small retreat centered around farm-to-table living, a place where people can slow down, enjoy fresh food, and reconnect with themselves and the world around them. To me, culture isn’t something to put on display—it’s something you feel, taste, and live. More than anything, I just want to create a place that feels honest, where tradition, wellness, and sustainability naturally come together.

Second, I hope to lead a company one day—not just in title but in the way that truly matters. I want to be in a role where I can shape things, make decisions that matter, and create an environment where people feel excited to work and grow. It’s not about chasing a position; it’s about building something that lasts and actually makes a difference.

What made Risa such an invaluable addition to the Class of 2025?
“Risa Ichwandiani is the kind of leader who not only excels in her own endeavors, but also brings out the best in those around her. In the face of one of the most stressful moments in our MBA program—the first class exam—Risa remained a calming force, reassuring her classmates that they would make it through together. Her ability to remain composed under pressure and instil a sense of calmness in others reflects the strength of her leadership. Beyond this, Risa has consistently demonstrated her organizational and leadership skills, especially in launching the first Women’s Association Club event, which saw an impressive turnout thanks to her dedication and ability to balance multiple responsibilities, including her studies and family.

Her cheerfulness and positivity are infectious, making her a source of light in any room she enters. Whether in the classroom or in personal interactions, Risa’s genuine appreciation for others—especially for the staff at ASB—is well-known. She consistently expresses her gratitude, making her an influential and respected member of the community.”

Jim Lee
Assistant Director, Student Services at ASB

Originally published by Poets & Quants.

This article first appeared in Digital Edge, The Edge Malaysia Weekly on August 11, 2025 – August 17, 2025

Are we ready to ride the generative artificial intelligence (Gen AI) wave? Gen AI has dominated the business agenda since the launch of ChatGPT in late 2022 and is expected to automate many jobs over the next three to five years. Gen AI, like ChatGPT and Gemini, is taking over many tasks. Reskilling and upskilling have become a priority in a business environment.

The most dangerous myth about AI is the idea that it will arrive with a big bang, ready to steal your job overnight. The reality is far subtler and more pervasive.

AI typically does not take an entire job at once. Instead, it begins with individual tasks: replying to emails, checking data for errors or summarising meeting notes. It starts as a helpful, almost invisible assistant. But gradually, it expands its role. Before you realise it, AI could be handling 30% of your responsibilities, and that percentage is set to grow.

Globally, research shows that within the next three to five years, AI could automate over half of all workplace tasks. In Malaysia, McKinsey has projected that up to 4.5 million jobs could be displaced or significantly transformed by AI by the end of the decade.

Across Asean, where automation risks are particularly high in labour-intensive sectors, the World Economic Forum has estimated that up to 60% of jobs in manufacturing and services are at risk from emerging technologies, especially Gen AI.

Despite these projections, many people still believe they are safe, particularly those outside the tech or digital industries. This is a dangerous assumption. AI is no longer confined to IT departments or Silicon Valley start-ups. It is already being used by lawyers to draft contracts, teachers to personalise lesson plans, doctors to support diagnoses and accountants to detect fraud. In marketing departments, Gen AI generates campaign copy, and in banks, it assists with compliance. Whether you are in fashion, healthcare, logistics or human resources, Gen AI is at your doorstep.

What’s even more concerning is the prevailing response. Rather than preparing, many professionals and businesses continue to dismiss AI as a fleeting trend. There is a false sense of comfort, an attitude of “we’ll deal with it when we have to”. However, by the time you “have to”, it may already be too late.

The uncomfortable truth is this: AI will not replace you, but someone who knows how to use AI probably will. This isn’t just a catchy phrase; it is the new reality of work. Those who view AI as a tool, not a threat, are already gaining a significant advantage. They are learning to use tools like ChatGPT for faster writing, Midjourney for clearer visualisations and Excel’s AI Copilot features for effortless data analysis. These individuals are becoming more efficient, creative and valuable to their organisations. The gap between those who can use AI and those who cannot is widening rapidly.

However, this shift isn’t solely about technical skills. In fact, as AI advances, we will increasingly need to leverage what makes us uniquely human. Skills such as critical thinking, empathy, leadership, creativity, complex-problem solving, communication and resilience are becoming even more vital. These are qualities that machines struggle to replicate and, for now, they remain our competitive edge.

Simultaneously, we must stop treating AI literacy as a niche, specialised area of knowledge. Understanding how AI works, how to interact with it responsibly and how to prompt it effectively should be considered basic digital literacy — as fundamental as knowing how to use a word processor or navigate a spreadsheet. Every university, department and ministry should be seriously considering how to equip their people with these essential skills in AI.

This urgency extends to business leaders. A significant number of Malaysian companies are not Gen AI-ready. Many still struggle with fragmented data systems, low awareness among decision-makers and a shortage of relevant talent. Without urgent investment in upskilling, infrastructure, and partnerships with academia, even the most advanced AI tools will remain underused.

We must also acknowledge that anxiety surrounding Gen AI is not unfounded, especially among those in repetitive or task-based roles. We need to approach this transition with empathy, fairness and a clear strategy for reskilling and redeployment.

The real question we should be asking isn’t “Should we fear AI?” but “Are we prepared for it?” — because the future of work isn’t about man versus machine, it is about man with machine. Those who adapt, learn and experiment with AI will find themselves ahead. Those who do not risk being left behind.

If we embrace this shift, AI does not have to be a threat. It can be a powerful partner — one that takes over the mundane, amplifies the meaningful and frees us to do more of what makes us human. The true impact lies in AI’s accelerating ability to learn, reason and act, not just as a tool, but as an integral part of our operational landscape. To harness this immense potential and thrive in the coming years, we must start now. We must shake off our complacency, step out of our comfort zones and begin learning how to work with AI, not against AI.

David Asirvatham is professor of practice in AI and technology at the Asia School of Business

Originally published by The Edge and KLSE Screener.

KUALA LUMPUR: The Asia School of Business (ASB) has received accreditation from the Association to Advance Collegiate Schools of Business (AACSB), the world’s oldest and most respected accrediting body for business schools.

This places ASB among the top six per cent of business schools worldwide, affirming its strong commitment to quality teaching, impactful research, and leadership development, it said in a statement recently.

AACSB accreditation is widely recognised as the highest standard in business education. It is awarded only to institutions that meet rigorous benchmarks across strategic planning, curriculum design, faculty qualifications, learning outcomes, and societal engagement.

The accreditation process includes peer reviews to ensure schools align with AACSB’s mission to promote innovation, engagement, and global impact.

ASB said its pursuit of accreditation has been guided by its mission to become a leading business school for the emerging world.

“Established in collaboration with MIT Sloan School of Management, the Asia School of Business has been developing transformative and principled leaders who are now making a positive impact across the emerging world and beyond and will continue to do so.

“Through its innovative postgraduate programs, including MBA, Executive MBA (EMBA), and Asia’s only Master in Central Banking (MCB), as well as Agile Continuous Education (ACE) with an extensive range of micro-credentials that yield MicroMasters® Programs and pathways to its MBAs, the Asia School of Business equips leaders with the knowledge, skills and tools needed to navigate today’s complex global landscape,” it said.

“This milestone is more than a credential. It affirms our commitment to delivering a globally competitive education that remains relevant to Malaysia and other emerging economies,” said Joseph Cherian, CEO, President, Dean, and Distinguished Professor of ASB.

He said joining the AACSBaccredited community validates ASB’s mission to develop leaders who act with integrity, drive innovation, and deliver positive impact.

The AACSB review recognised ASB’s strengths in three key areas. First, in strategic management and innovation, with a mission-led approach, strong resource planning, and a highly qualified faculty.

Second, in learner success, with a curriculum built for future business needs, a strong system for assessing outcomes, and a focus on real-world application.

Third, in thought leadership and societal impact, supported by research, stakeholder engagement, and the integration of social responsibility across its programmes.

The accreditation was made possible through support from AACSB-accredited mentors and a detailed evaluation by global peers. Reviewers consistently highlighted ASB’s innovative model that blends emerging market insights with global standards.

“This achievement reflects the collective effort of our faculty, students, staff, alumni, and partners. It shows that our unique approach to business education is not only globally recognised but aligned with the highest international standards,” added Cherian.

Originally published by Borneo Post.

KUALA LUMPUR: Asia School of Business (ASB) has earned a spot among the top six per cent of business schools worldwide after securing accreditation from the Association to Advance Collegiate Schools of Business (AACSB), the most recognised global standard for business education.

Awarded only to institutions that meet stringent criteria in areas such as strategic planning, curriculum design, faculty qualifications, learning outcomes, and societal engagement, AACSB accreditation is considered the highest benchmark in the field.

According to ASB CEO Joseph Cherian, the rigorous review process also includes peer evaluations to assess relevance and impact.

“This milestone is more than a credential — it affirms our commitment to delivering education that is globally competitive and relevant across Malaysia and other emerging economies,” he said.

He shared that AACSB highlighted ASB’s strengths in strategic management, student learning, and societal impact, noting its academic planning, resource utilisation, faculty quality, and a curriculum designed for real-world outcomes with strong research integration.

The accreditation process was supported by mentorship from established AACSB-accredited institutions.
ASB’s approach — combining global academic models with an emerging market context — was cited as a key differentiator.

“Joining the AACSB-accredited community validates our mission to develop leaders who act with integrity, drive innovation, and contribute meaningful impact to society.

“This achievement reflects the collective efforts of our faculty, students, staff, alumni, and partners.
“It confirms that our unique approach to business education is globally recognised and aligned with the highest international standards.”

Originally published by Sarawak Tribune.

Guest: Rashvin Pal Singh, Group CEO, Biji-biji Initiative, Redza Shahid Ridzuan, Assistant Director, Innovation Entrepreneurship Center, Asia School of Business

Procurement isn’t just about cutting costs — it’s also one of the most overlooked tools for creating social impact and long-term business value. As ESG pressures mount and supply chains come under greater scrutiny, companies have a powerful opportunity to rethink how and from whom they buy.

Today, we speak with Rashvin Pal Singh, Group CEO of Biji-biji Initiative, and Redza Shahid Ridzuan, Assistant Director of the Innovation & Entrepreneurship Center at Asia School of Business. They share how values-driven procurement can empower social enterprises, why corporates need to move beyond symbolic CSR purchases, and what it takes to build a more inclusive, impact-aligned supply chain in Malaysia.

Listen to the full interview below.

Originally published by BFM.

The Asia School of Business (ASB) has officially been awarded accreditation by the Association to Advance Collegiate Schools of Business (AACSB), the world’s longest-standing and most recognised accrediting body for business schools. This achievement places the Asia School of Business among the top six percent of business schools globally, reaffirming its commitment to excellence in teaching, impactful research, and the development of transformative leadership.

AACSB accreditation is considered the most prestigious mark of quality in business education. It is granted only to institutions that meet its accreditation standards in areas such as strategic planning, curriculum design, faculty qualifications, assurance of learning and societal engagement. The rigorous accreditation process involves peer reviews to ensure alignment with AACSB’s standards, which are designed to foster engagement, accelerate innovation and amplify impact in business education.

The Asia School of Business’s journey towards accreditation has been deeply mission-driven to become a premier business school for the emerging world; a goal that reflects its deep commitment to excellence, relevance and impact in business education. Established in collaboration with MIT Sloan School of Management, the Asia School of Business has been developing transformative and principled leaders who are now making a positive impact across the emerging world and beyond – and will continue to do so. Through its innovative postgraduate programmes, including MBA, Executive MBA (EMBA), and Asia’s only Master in Central Banking (MCB), as well as Agile Continuous Education (ACE) with an extensive range of micro-credentials that yield MicroMasters® Programs and pathways to its  MBAs, the Asia School of Business equips leaders with the knowledge, skills and tools needed to navigate today’s complex global landscape. The Iclif Executive Education Center at Asia School of Business amplifies this mission by delivering executive programmes in leadership, sustainability, corporate governance and technology to empower senior professionals to lead with confidence and drive meaningful change in an ever-evolving business context. “This milestone is more than a credential – it affirms our commitment to delivering an education that is globally competitive and relevant across Malaysia and emerging economies,” said Joseph Cherian, CEO, President, Dean, and Distinguished Professor of the Asia School of Business. “Joining the AACSB-accredited community validates our mission to develop leaders who act with integrity, drive innovation and contribute meaningful impact to society.”

The AACSB accreditation highlights  the strengths of the Asia School of Business in three core areas:

  • Strategic Management and Innovation: Through mission-led planning, strategic use of financial and physical resources and a highly qualified faculty.
  • Learner Success: With a curriculum designed to meet future business needs, robust assurance of learning systems, and teaching practices focused on real-world outcomes.
  • Thought Leadership and Societal Impact: Evident in the School’s research, stakeholder engagement, and the integration of societal impact into its academic and operational initiatives.

The accreditation process was supported by mentorship from established AACSB-accredited institutions and a rigorous evaluation by international peers. The Asia School of Business’s innovative approach, combining emerging market perspectives with global best practices, was consistently noted as a strong differentiator.

“This achievement reflects the collective efforts of our faculty, students, staff, alumni and partners,” added Distinguished Professor Cherian. “It confirms that our unique approach to business education is globally recognised and aligned with the highest international standards.”

Originally published by Education+TVET Asia.

Asia School of Business Earns Prestigious AACSB Accreditation, Joining the Top 6% of Business Schools Worldwide. The Asia School of Business (ASB) has achieved a major milestone in its institutional journey, having been officially awarded accreditation by the Association to Advance Collegiate Schools of Business (AACSB). As the world’s most esteemed accrediting body for business schools, AACSB sets rigorous global standards, and only institutions that meet the highest benchmarks in education, faculty quality, curriculum, and societal impact receive this distinction. With this recognition, ASB joins the elite top 6% of business schools worldwide — a powerful endorsement of its academic excellence and commitment to transformative leadership development.

Established in collaboration with the MIT Sloan School of Management, the Asia School of Business has always set itself apart with a bold mission: to become a premier business school for the emerging world. The institution’s accreditation journey has been driven by this vision, combining global best practices with an emerging market perspective that resonates strongly in today’s interconnected business landscape. From its flagship MBA and Executive MBA (EMBA) programs to Asia’s only Master in Central Banking (MCB), ASB offers a portfolio of innovative and globally relevant academic offerings. In addition, its Agile Continuous Education (ACE) and Iclif Executive Education Center provide micro-credentials and executive programs that strengthen leadership, governance, and sustainability capabilities across the region.

AACSB accreditation is widely regarded as the gold standard in business education and is awarded only after a comprehensive peer-review process. ASB was evaluated on key dimensions including strategic management and innovation, learner success, and thought leadership with societal impact. The school’s unique model — grounded in purpose-driven strategy, globally qualified faculty, and a real-world-focused curriculum — stood out throughout the accreditation process. Moreover, ASB’s integration of stakeholder engagement and research impact reinforced its position as an institution creating meaningful value beyond the classroom.

“This milestone is more than a credential — it affirms our commitment to delivering an education that is globally competitive and relevant across Malaysia and emerging economies,” said Joseph Cherian, CEO, President, Dean, and Distinguished Professor at ASB. “Joining the AACSB-accredited community validates our mission to develop leaders who act with integrity, drive innovation, and contribute meaningful impact to society.”

The successful accreditation was the result of a collective effort by the ASB community — including its faculty, students, staff, alumni, and partners — and was further supported by mentorship from other leading AACSB-accredited institutions. According to Distinguished Professor Cherian, this achievement reinforces the unique value proposition of ASB’s business education model: one that blends academic rigor, practical relevance, and a powerful commitment to shaping leaders who can drive progress across both regional and global contexts.

Originally published by OhMyNetizan.

AACSB International (AACSB) announced today that 12 institutions have earned initial business accreditation.

Achieving Business Accreditation

  1. Asia School of Business
  2. IPAG Business School (Paris – France)
  3. Missouri Southern State University
  4. PBC School of Finance, Tsinghua University
  5. Queen’s University Belfast
  6. RMIT University
  7. UCL School of Management, University College London
  8. Universidad Loyola Andalucía
  9. University of Eastern Finland
  10. University of Hohenheim
  11. University of Nicosia
  12. University of Southern Denmark

With the recognition of these schools, AACSB now has 1,066 accredited institutions in 70 countries and territories, and 195 institutions with AACSB accreditation for accounting programs. Achieving this milestone ensures greater access to high-quality business education for learners around the world and businesses seeking top talent.

“AACSB congratulates each institution on achieving AACSB accreditation,” said Stephanie Bryant, executive vice president and global chief accreditation officer at AACSB. “The commitment to earning accreditation is a true reflection of each school’s dedication—not only to its students, alumni network, and greater business community—but to society as a whole.”

Achieving AACSB accreditation is a mission-driven, rigorous process that includes an in-depth assessment of internal activities, mentorship with an AACSB advisor, and a peer-reviewed evaluation focused on continuous improvement. During this multi-year path, schools focus on developing and implementing a plan to achieve their mission and align with AACSB’s accreditation standards. These principles-based standards require excellence in areas relating to strategic management and innovation, research, and teaching and learning.

Originally published by AACSB.

Joseph Cherian, CEO, president and dean of the Asia School of Business said during a recent interview that he has full confidence in the Chinese government’s ability to maintain economic stability. As the world’s second-largest economy, China faces far more challenges than smaller economies, yet has managed these challenges well through fiscal and monetary policies, Cherian said. He suggested that China can further reduce economic volatility by opening up to long-term, productive capital and shifting toward higher value-added industries. He also praised China’s remarkable progress in electric vehicles, robotics, high-speed rail and AI.

Originally published by China Daily.
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